Interest rates Archives | Taxfile

Bounce Back Loan Applications & Top-Ups ENDING

Taxfile — Mon, 01 Mar 2021 13:51:12 +0000

Applications for the Bounce Back Loan Scheme (BBLS) come to a close on 31st March 2021. The purpose of the scheme was to allow small businesses, regardless whether they were sole traders, partnerships, or limited companies, a way of getting a cash flow worth 25% of their turnover (within the range of £2-£50k) to support […]

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The Chancellor’s Budget, March 2014

Mark — Thu, 20 Mar 2014 15:04:45 +0000

The Chancellor, George Osborne, has now presented his March 2014 Budget to Parliament. There was lots of talk about the economy, growth forecasts, supporting UK businesses and employment – as well as some obvious political spin bearing in mind the European and General Elections are just around the corner – however we thought we’d concentrate […]

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Bank Base Rate to stay at 0.5% until 2016 (…probably)

Mark — Thu, 05 Sep 2013 10:05:10 +0000

Mark Carney, the Bank Of England’s new Governor, has announced his ‘forward guidance’ that the Bank does not intend to raise Bank Rate from 0.5% until the unemployment rate falls to 7%, which it forecasts will happen in mid 2016 — three years away. The Governor hopes that the announcement of this 3 year plan […]

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Payments on account towards 2009/10

Taxfile — Sat, 05 Sep 2009 16:00:00 +0000

Payments on account are normally required from any taxpayer who is assessed to income tax, of any amount, for the preceding tax year (HM Revenue and Customs). These payments are due by the end January and July each year. You will be asked to make two payments on account for the current tax year if […]

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